- Location
- USA
Are manufactures taking advantage of all this inflation? Will never see the price go down!
Inflation
- Thread starter FendtRunner86
- Start date
- Location
- Pinnaroo. South Australia
Of course they are. 936 is up $60k here 18 months. Granted gen 6-7 but still
hintonroadhero
Member
- Location
- Waikato, NZ
Take a look at commodity prices.compared to a year ago ..Global container rates up 292%...Energy up 365%...Sheet steel up 234%..cold rolled coil steel up 200%..polyethylene up 160%...polypropylene up 123% and don't even mention fertiliser !!!!... stuff ain't going to get cheaper anytime soon !!!!!!
- Location
- USA
Yup thats about the increase on our Fendt tractors to
- Location
- Pinnaroo. South Australia
So why is my wheat and barley not up 300%
hintonroadhero
Member
- Location
- Waikato, NZ
Might be because total rice and grain production has hit an all-time high of 3.32 billion tonnes, but more likely because farmers are price takers rather than price makers.....tell me what other industry plants a crop with very little idea of where they are going to sell it in 8 months time or what it will be worth?
- Location
- Pinnaroo. South Australia
And if the price doesn’t even out a bit there will be a lot less of the commodities you mention needed. Going forward. Most I know are looking very hard at crop choices for next year and inputs used to grow them
hintonroadhero
Member
- Location
- Waikato, NZ
We are certainly living in strange times Richard.....up until last year I used to order a new Toyota SUV every three years with a 2-3 week lead time.......I ordered the same in June 2020.. they told me Oct/Nov.. then Jan 2022 and today April 2022.. just crazy... came off a motorbike a few weeks ago and gave my Arai helmet a severe pounding.. a pain as it was only 3 months old....bought in June 20... $899.. todays replacement cost is $1149 !!!!
- Location
- Pinnaroo. South Australia
we are indeed. I’ve bought 2 Utes this year and luckily both were in stock. Had I waited a day would have missed both.
friend in the grain trade reckons grain stocks are not at highest either. Russia banned exports, some of worst Canadian crops they have ever had. They are surprised it hasn’t gone higher yet. Lentils and canola are the exception though
hintonroadhero
Member
- Location
- Waikato, NZ
and then we have the conundrum with fertiliser.....artificial fertiliser prices have skyrocketed because of increasing energy and freight costs... but the good fellas and tree huggers in Glasgow at present want us to reduce animal numbers and their ability to produce good organic matter for increased fertility.....as I told me kids a few weeks ago....if there is an afterlife.. stuff farming..... when I do my second lap, I'm going to start a business that makes hi-viz vests and road cones.. because both items are taking over the World !!!!!
ollandroverman
Member
- Location
- nr Kendal (The Lake District)
....
House building. Or any industry that takes time to get its product completed and to market.
Farming is not unique.
- Location
- Northumberland
That is true, but housebuilders have the discipline to bank land and trickle supply onto the market. Imagine what would happen if independent farmers were in control - the country would be covered in founds the minute a decent rise in house prices was reported.
hintonroadhero
Member
- Location
- Waikato, NZ
Couldn't agree with the house building analogy over here....in the last year alone we've seen an increase of 35% in house values....most new builds are sold off the plans......new cars... lead time to delivery 10 months...both with agreed prices way ahead of "delivery"... the point I was trying to make is most farmers grow a crop, harvest it, then wonder about selling it... without having a buyer before they planted
- Location
- Lorette Manitoba
High percentage contract a chunk of the crop here, personally I never. Was brought up believing that you can’t sell wat you don’t have yet also if buyers are offering X it’s going to be in their favour for sure. this year is a prime example, have neighbours that sold canola last may at 17$ a bushel but today it’s nearly 23 yes this is an extreme year but generally there is a price spread.
All inflation is, is a made up way to make the 1%rich richer and the rest of us poorer. Since the building boom bust of 2007 tractors alone have doubled in price every 5 years.
Inflation in real terms has been 10% not the 4% they say with most things. When I was in a job my wages were increased 1% per year in the same time
Inflation in real terms has been 10% not the 4% they say with most things. When I was in a job my wages were increased 1% per year in the same time
- Location
- S.E
They do have a choice to fix a price before they planted its just most choose not to.
- Location
- Pinnaroo. South Australia
have tractors actually gone up by that much over there.
Different here and we used to be very expensive for tractors